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एडवेंट कंप्यूटर सर्विसेस निदेशकों की रिपोर्ट, एडवेंट कंप्यूटर सर्विसेस निर्देशकों द्वारा रिपोर्ट

एडवेंट कंप्यूटर सर्विसेस

बीएसई: 531429  |  NSE: N.A  |  ISIN: INE101C01022  |  Computers - Software Medium & Small

खोजें एडवेंट कंप्यूटर सर्विसेस कनेक्शन Mar 14
निदेशकों की रिपोर्ट वर्षांत : Mar '15
 Dear Members,
 
 The directors are pleased to present the 30th Annual Report and the
 Audited Accounts for the financial year ended 31st March, 2015.
 
 FINANCIAL RESULTS:
 
                                     CURRENT YEAR        PREVIOUS YEAR
 
                                         2015                  2014
 
                                     (Rs. In Lacs)       (Rs. In Lacs)
 
 Sales & Services                        31.33                25.96
 
 Other Income                             0.00                 0.00
 
 Total Income                            31.33                25.96
 
 Total Expenditure                       30.86                25.64
 
 Profit / (Loss) for the period           0.47                 0.32
 
 Provision For Tax                        0.09                  -
 
 Balance Carried Forward                  0.38                 0.32
 
 OPERATIONS:
 
 During the year under review, the Company has recorded the higher total
 income of Rs. 31.33 lacs as compared to Rs. 25.96 lacs for the previous
 year and Net Profits after tax of Rs. 0.38 lacs for the year as
 compared to the profits of Rs. 0.32 lacs in the previous year.
 
 The year under review had been very difficult on account of adverse
 business situation in the field of information & technology. The
 Management expects improvement in the business situation in the current
 year 2015-16 and is taking necessary steps within its power to explore
 all the possibilities, subject to ability to raise the funds.
 
 DVIDEND
 
 In order to plough back the entire profit into business, your Directors
 do not recommend any dividend for the year under review.
 
 MEETINGS OF THE BOARD OF DIRECTORS
 
 During the Financial Year 2014-15, the Company held 4 board meetings of
 the Board of Directors as per Section 173 of Companies Act, 2013 which
 is summarized below. The provisions of Companies Act, 2013 and listing
 agreement were adhered to while considering the time gap between two
 meetings.
 
 S. No.    Date of Meeting     Board Strength          No. of Directors
                                                           Present
 
  1        29th May 2014             4                         4
 
  2        14th Aug 2014             4                         4
 
  3        13th Nov 2014             4                         4
 
  4        12th Feb 2015             4                         4
 
 DECLARATION BY INDEPENDENT DIRECTORS
 
 Declaration by the Independent Directors has been received as per the
 provisions of Sec 149 (6) of the Companies Act, 2013 and taken on
 record by the Board.
 
 DIRECTORS AND KEY MANAGERIAL PERSONNEL
 
 * Mr. Suvash Biswas resigned from the Board of Directors of the Company
 w.e.f. 29th May, 2014.
 
 * Mr. Rohit Taparia was appointed as Company Secretary & Compliance
 Officer w.e.f. 13th November, 2014 & he resigned on 31st May, 2015.
 Miss. Noshin Thanawala was appointed as Company Secretary & Compliance
 Officer w.e.f. 1st June, 2015, in place of Mr. Rohit Taparia.
 
 * Mr. K.S. Govindarajan was appointed as Chief Financial Officer
 (C.F.O.) of the Company w.e.f. 28th May, 2015.
 
 STATUTORY AUDITORS
 
 M/s. Vivekanandan Associates, Chartered Accountants, Chennai, [Firm
 Registration No. 05268S] the Statutory Auditors of the Company, were
 appointed by the Shareholders at their meeting held on 27th September,
 2014 for a period of 5 years i.e.  upto conclusion of 33rd Annual
 General Meeting subject to ratification by Shareholders at every Annual
 General Meeting as per the provisions of the Companies Act, 2013
 (''Act''). Pursuant to the Act, Members are requested to consider
 ratification of their appointment and authorised the Board of Directors
 including Audit Committee thereof to fix their remuneration for the
 Financial Year 2015-16. In this regard, the Company has received a
 Certificate from the Auditors to the effect that their appointment as
 Auditors continues to be in accordance with the provisions of the Act.
 
 SECRETARIAL AUDITOR
 
 Pursuant to Section 204 of the Companies Act, 2013, Ms. Nivya Mandawat,
 Practicing Company Secretary, was appointed in the Board Meeting held
 on 28th May, 2015 to perform Secretarial Audit for the year 2014-2015.
 The Secretarial Audit Report is annexed in this Annual Report (Annexure
 II).
 
 OBSERVATION OF SECRETARIAL AUDITOR
 
 As required under section 204 (1) of the Companies Act, 2013 the
 Company has obtained a secretarial audit report. Certain observations
 made in the report with regard to non publication, late filings of
 form, non appointment of Internal Auditor & non conduct of meeting were
 mainly due to ambiguity and uncertainty of the applicability of the
 same for the relevant period.  However, the company would ensure in
 future that all the provisions are complied to the fullest extent.
 
 EXTRACT OF ANNUAL RETURN
 
 The Extract of Annual Return as required under section 92(3) of the
 Companies Act, 2013 and rule 12(1) of the Companies (Management and
 Administration) Rules, 2014, in Form MGT-9 is annexed herewith for your
 kind perusal and information.  (Annexure - I)
 
 DIRECTORS'' RESPONSIBILITY STATEMENT
 
 Pursuant to the requirement under Section 134(5) of the Companies Act,
 2013 with respect to Directors'' Responsibility Statement is hereby
 confirmed that:
 
 1) That in the preparation of the accounts for the financial year ended
 31st March, 2015; the applicable accounting standards have been
 followed along with proper explanation relating to material departures.
 
 2) That the Directors have selected such accounting policies and
 applied them consistently and made judgments and estimates that are
 reasonable and prudent so as to give a true and fair view of the state
 of affairs of the Company at the end of the year and of the profit of
 the Company for the year under review.
 
 3) That the Directors have taken proper and sufficient care for the
 maintenance of adequate accounting records in accordance with the
 provisions of the Companies Act, 2013, for safeguarding the assets of
 the Company and for preventing and detecting fraud and other
 irregularities.
 
 4) That the Directors have prepared the accounts for the year ended
 31st March, 2015, on a going concern basis.
 
 5) Had laid down internal financial controls to be followed by the
 company and that such internal financial controls are adequate and were
 operating effectively; and
 
 6) Had devised proper systems to ensure compliance with the provisions
 of all applicable laws and that such systems were adequate and
 operating effectively.
 
 PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:
 
 During the year 2014-15, the company has not given any loans or
 guarantees covered under the provisions of section 186 of the Companies
 Act, 2013.
 
 RELATED PARTY TRANSACTIONS
 
 As per Section 188 of the Companies Act, 2013, there were no materially
 significant related party transactions made by the Company with
 Promoters, Key Managerial Personnel or other designated persons which
 may have potential conflict with interest of the Company at large.
 However, the details of the transactions with related parties are given
 in the financial statements.
 
 DEPOSITS
 
 During the year under review, the Company has not accepted any fixed
 deposits from the public.
 
 PERSONNEL
 
 The information required pursuant to Section 197 read with rule 5 of
 the Companies (Appointment and Remuneration of Managerial Personnel)
 Rules, 2014 in respect of employees of the Company, will be provided
 upon request. In terms of Section 136 of the Act, the reports and
 accounts are being sent to the members and others entitled thereto,
 excluding the information on employees'' particulars which is available
 for inspection by the members at the Registered office of the company
 during business hours on working days of the company up to the date of
 ensuing Annual General Meeting. If any member is interested in
 inspecting the same, such member may write to the company secretary in
 advance.
 
 CORPORATE GOVERNANCE AND MANAGEMENT DISCUSSION ANALYSIS
 
 A separate report on the Corporate Governance and Management Discussion
 Analysis for the year under review, as stipulated in Clause-49 of the
 Listing Agreement with the Stock Exchanges, has been attached as part
 of this annual report.
 
 ACKNOWLEDGEMENT
 
 Your Directors would like to take this opportunity to express sincere
 gratitude for the assistance and co-operation from the employees,
 Bankers, Customers, Vendors and Shareholders during the year under
 review.
 
 
 INFORMATION AS REQUIRED UNDER DISCLOSURES AS PER RULE 8(3) OF THE
 COMPANIES (ACCOUNTS) RULES, 2014
 
 A.  CONSERVATION OF ENERGY
 
 The activities of the Company require minimal consumption of energy and
 every effort has been made to ensure the optimal use of energy. All
 possible measures have been taken to conserve energy.
 
 B.  TECHNICAL ABSORPTION
 
 The Company has developed expertise for technology required for its
 business and the same has been fully absorbed.
 
 C.  DETAILS OF POWER AND FUEL CONSUMPTION
 
 Not applicable due to nature of business
 
 D.  FOREIGN EXCHANGE EARNINGS AND OUTGO
 
 Foreign Exchange earnings:         NIL
 
 Foreign Exchange outgo:            NIL
 
 Place: Chennai              For and on behalf of the Board of Directors
 Date: 13th August 2015
 
                                                          MICHAEL ARUL
                                          Chairman & Managing Director
 
 
 
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `436 Cr की खरीदारी की
  • MARKET CUES : DIIs ने कैश में `929 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `1244 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `744 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स ऑप्शंस में `137 Cr की खरीदारी की
  • MARKET CUES : स्टॉक फ्यूचर्स में `358 Cr की खरीदारी की
  • MS ON WIPRO : Underweight रेटिंग, लक्ष्य घटाकर `230/Sh
  • JEFFERIES ON WIPRO : Underperform रेटिंग, लक्ष्य घटाकर `218/Sh
  • CITI ON ACC : BUY रेटिंग, लक्ष्य घटाकर `2150/Sh
  • CLSA ON ACC : BUY रेटिंग, लक्ष्य `2050/Sh

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